Professor Mark J. Perry's Blog for Economics and Finance
Monday, May 07, 2012
Real Question: Are Corporations Economically Distinct from the People Who Comprise Them?
Mitt Romney in this video states that: "Corporations are people."
Barack Obama responded: “I don’t care how many times you try to explain it – Corporations aren’t people. People are people," getting huge applause from a crowd in Columbus, Ohio on Saturday.
In this video below from LearnLiberty.org, economics professor Steve Horwitz answers the really important and relevant question: "Are corporations economically distinct from the people who comprise them?"